#1ISO 9001 BUREAU VERITAS Certification BURE Asian Oilfield Services Source to Solutions Q2 FY 2017-18 RESULTS AU ERITAS UKAS MANCIMENT DATENS 1828 928 Proud Member of. LAGC The International Association of Geophysical Contractors www.asianoilfield.com#2SAFE HARBOR The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. This presentation should not be relied upon as a recommendation or forecast by Asian Oilfield Services and its subsidiaries (together "the Company") and it cannot be relied upon as a guide to future performance. This presentation contains 'forward-looking statements' - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or 'will.' Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. We caution you that reliance on any forward-looking statement involves risk and uncertainties, and that, although we believe that the assumption on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statement based on those assumptions could be materially incorrect. This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Asian Oilfield Services Limited or any other invitation or inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision. The information contained in this presentation is for general information purposes only, without regard to specific objectives, financial situations and needs of any particular person. The Company does not accept any liability whatsoever, direct or indirect, that may arise from the use of the information herein. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. Asian Oilfield Services An Oilmax Company www.asianoilfield.com#3EXECUTIVE SUMMARY Company Overview Asian is an oil & gas industry service provider, offering end-to-end services across the entire upstream value chain, including geophysical data acquisition (seismic), facility operation and maintenance (O&M) for over 24 years. Asian's Qualifications Asian is ISO Certified Company and IAGC Certified Contractor. We have experience in executing seismic and oilfield O&M projects with difficult terrains and geo political situation in several countries. Asian is the 1st company in the world to run large multi-channel 3D cable less Real time Seismic Data Acquisition Technology. Business transformation is in place with new management team having rich experience in Oil & Gas industry. Our Market Cap is of Rs. 645 crs (as on 11th Dec'17). 4 Asian Oilfield Services An Oilmax Company www.asianoilfield.com#4QUARTER FINANCIAL HIGHLIGHTS REVENUE (Rs Lakhs) 4000 → 3285 +963% 1000 500 EBITDA (Rs Lakhs) 836 2000 309 0 Q2 FY16-17 Q2 FY17-18 Q2 FY16-17 Q2 FY17-18 -500 (485) -1000 +272% 1000 PAT (Rs Lakhs) PAT margin 0.2 267 123% Q2 FY16-17 Q2 FY17-18 FY'14-15 FY'15-16 FY'16-17 -0.2 -1000 -2000 Asian Oilfield Services An Oilmax Company (1113) -0.4 www.asianoilfield.com#5Asian Oilfield Services An Oilmax Company FINANCIAL PERFORMANCE CONSOLIDATED (in lakhs) www.asianoilfield.com PARTICULARS Q2'2017-18 Q1'2017-18 Q2'2016-17 H1FY2017-18 | H1FY’2016-17 REVENUE 3285 5127 309 8412 1236 PAT 267 1096 (1113) 1363 (1729) EBITDA 836 1602 (485) 2438 (434) STANDALONE (in lakhs) PARTICULARS Q2'2017-18 Q1'2017-18 Q2'2016-17 H1FY’2017-18 | H1FY’2016-17 REVENUE 35 1931 309 1966 1236 PAT (671) 102 (151) (569) (6) EBITDA (363) 363 139 0.77 526#6Asian Balance sheet highlights Oilfield Services An Oilmax Company 30 September'17-18 Consolidated 2,947 31 March 2017 Consolidated Description (Amounts in INR Lakhs) 2,607 Share Capital 30 September'17-18 Standalone 2,947 31 March 2017 Standalone 2,607 7,994 772 Reserves & Surplus 8,527 3,241 4,800 Warrants Money 4,800 2,369 892 Non Current Liabilities 1,078 8,445 11,860 Current Liabilities 5,558 6,688 21,755 20,931 Total equity and liabilities 18,110 17,336 8,565 8,340 Fixed Assets 4,229 3,341 Non Current investments 652 621 5,123 3,775 Other non-current assets 4,895 3,773 2,855 2,751 Trade receivables 1,247 2,256 1,236 2,914 Cash and bank balances 381 850 3976 3,151 Other current assets 6,706 6,495 20,931 21,755 (Figures have been regrouped and reclassified) Total assets 18,110 17,336 www.asianoilfield.com#7OUR SEISMIC AND O&M ORDER BOOK 4 Asian Oilfield Services An Oilmax Company www.asianoilfield.com#8SEISMIC ORDERS BY BUSINESS STRATUM ऑयल इंडिया लिमिटेड Oil India Limited North East India Rs.347 Crs ■Myanmar Rs.48 Crs ओएनजीसी OnGc BASHNEFT JOINT STOCK OIL COMPANY ऑयल इंडिया लिमिटेड Oil India Limited ■Ganges Rs.109 Crs 4 Asian Oilfield Services An Oilmax Company Total Order Book: Rs.700 crores ■Romania Rs.127 Crs ■Rajasthan Rs. 69 Crs www.asianoilfield.com#9OILFIELD O&M SERVICE ORDERS 4 Asian Oilfield Services An Oilmax Company Client Location Duration & Contract Value Scope Koral Energy (an independent Oil & Gas company in Mauritius) • EBOK field (Nigerian offshore waters) • 5 years (3+1+1) • approx USD 100 mln Operations and Maintenance of Floating Production Unit www.asianoilfield.com#10INDUSTRY UPDATES Asian Oilfield Services An Oilmax Company www.asianoilfield.com#11India's 26 sedimentary basins covering 3.14 million square kms have not been exploited to optimum levels National Seismic Programme (NSP) was launched to trace hydrocarbon resources. ONGC has been assigned to carry out the survey of 40,835 Line Kilo Meter (LKM) in onland part of 26 sedimentary basins in 18 States and Union Territories. OIL has been assigned to carry out 2D seismic API of 7,408 LKM in Assam, Manipur, Arunachal Pradesh, Mizoram and Nagaland. The Cabinet Committee on Economic Affairs (CCEA) in Sept'17 approved Rs 30bn project, in respect of the appraisal of 48,243 LKM of 2D seismic data to be completed by FY20. The recent revival of Oil & Gas prices and its price stability, creates a visibility in O&M projects and related opportunities. 4 Asian Oilfield Services An Oilmax Company www.asianoilfield.com#124 Asian Oilfield Services An Oilmax Company THANK YOU Asian Oilfield Services Ltd. 3-A, Omkar Esquare, Chunabhatti Signal, Eastern Express Highway, Sion (East), Mumbai - 400 022, Maharashtra, India. [email protected] [email protected] +91 22 42441100 +91 22 42441111 www.asianoilfield.com